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Jan 31, 2013
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peter, i want to you to put your ntsb hat back on for a second here. if you find out that they knew that they had 10 batteries that had problems, that japanese airline told them they had to replace 10 batteries did they do something wrong by not disclosing it or by not addressing the problem right there? >> well here's the issue. it is not just 10 batteries. that is 10 batteries from one of the airlines the second airline using the japanese airline, using the dreamliner also had problems. they were not required to turn these events over to the regulator in japan or in the u.s. we have pages of regulations. this was seen as kind of a minor or normal maintenance issue. the real question is, both airliners reported their problems to boeing. they said we had to change out, in one case 10 batteries. in another case we don't know how many. the question is, whether boeing was connecting the dots. whether they saw that there was a problem brewing with these batteries and what they did about it. melissa: how could they not? how could they not at this point? tha
peter, i want to you to put your ntsb hat back on for a second here. if you find out that they knew that they had 10 batteries that had problems, that japanese airline told them they had to replace 10 batteries did they do something wrong by not disclosing it or by not addressing the problem right there? >> well here's the issue. it is not just 10 batteries. that is 10 batteries from one of the airlines the second airline using the japanese airline, using the dreamliner also had problems....
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Jan 30, 2013
01/13
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the ceo said, listen, if i could talk more in-depth i would, but we're restricted because there's a ntsb investigation going on right now. a couple of things stood out in terms of his comments. first of all, cautious optimism that they are making progress in terms of determination exactly what went wrong but also he said they are not changing the dreamliner production schedule. also he says that boeing has not told 787 suppliers to slow down their deliveries. in other words, they are continuing on their plan to ramp up production to ten per month by the end of the year. in terms of the investigation, he says that it is not impacting other boeing programs. in other words, the resources they are putting towards figuring out what went wrong with the two dreamliner batteries, that's not taking resources away from the 737 or other commercial airplane programs, and he says they expect no significant financial impact from the grounding of the dreamliners. >> we do believe that progress is being made in narrowing down the potential cause of the events. we have assigned hundreds of experts from a
the ceo said, listen, if i could talk more in-depth i would, but we're restricted because there's a ntsb investigation going on right now. a couple of things stood out in terms of his comments. first of all, cautious optimism that they are making progress in terms of determination exactly what went wrong but also he said they are not changing the dreamliner production schedule. also he says that boeing has not told 787 suppliers to slow down their deliveries. in other words, they are continuing...
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Jan 30, 2013
01/13
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the ntsb is taking a lot deeper with the help of the military, by the way. political parts are being tested, naval surface lab in maryland. the dreamliner nightmare has not hurt boeing's bottom line yet. fourth-quarter earnings close to a billion dollars and as you mentioned beating estimates and they have $13 billion on hand to weather the storm for the time being. they have not been able to deliver 787 while the grounding has taken effect. they're sitting around waiting for the grounding to be lifted before they can deliver them to new customers. lori: many thanks. melissa: for more on what all this means for boeing in 2013, let's bring in mail from morningstar. you heard the record revenues, $13 billion in cash on hand. the ceo says debt cancellations and steve earle's remain below the historical average. they're keeping production going. does it make you feel better about their ability to weather the storm or the same, what is your reaction? speak i think it would make me feel better, overall commentary in the space of the 2012 year was really good. they
the ntsb is taking a lot deeper with the help of the military, by the way. political parts are being tested, naval surface lab in maryland. the dreamliner nightmare has not hurt boeing's bottom line yet. fourth-quarter earnings close to a billion dollars and as you mentioned beating estimates and they have $13 billion on hand to weather the storm for the time being. they have not been able to deliver 787 while the grounding has taken effect. they're sitting around waiting for the grounding to...
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Jan 30, 2013
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the ntsb is digging deeper with the heft military. electrical parts are now being tested at the naval surface lab in notre dame. it hasn't hurt boeing's bottom line yet. fourth quarter earning inks are close to a billion dollars beating estimates on wall street and they have more than $13 billion in cash on hand so they are in a good position to weather the storm. jon. jon: dan springer in seattle, thank you. we are watching the dow right now the blue chips flirting with the 14,000 mark for the first time in more than five years. take a look there, 13945 right now, down a few minutes from yesterday's close. the good news for wall street comes amid disappointing economic news. the u.s. economy slowing signs of slowing down. the government says the economy sharply contracted in the fourth quarter of 2012 growing at only one tent of tenth. they say it is heading to greece on steroids. what is about this last quarter, steve, what caused the shrinkage. >> wall street is doing great, main street isn't doing so well. this new report suggests
the ntsb is digging deeper with the heft military. electrical parts are now being tested at the naval surface lab in notre dame. it hasn't hurt boeing's bottom line yet. fourth quarter earning inks are close to a billion dollars beating estimates on wall street and they have more than $13 billion in cash on hand so they are in a good position to weather the storm. jon. jon: dan springer in seattle, thank you. we are watching the dow right now the blue chips flirting with the 14,000 mark for the...
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Jan 30, 2013
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is that what caused the failures and all of this is what ntsb is looking in. >> stan greenhaus. is there a possibility there's something beyond the electronics? >> absolutely. they have not ruled out anything. you're looking at the worst situation for boeing they don't know exactly what the problem is and as long as they don't know exactly what the problem is, it's hard to forecast a solution, path for getting out of this. that is really the worst possible situation for boeing. people would say it would be worse if it had catastrophic failures. i understand what you're saying. if you're a manufacturer, you want center artainty and you're getting certainty with understanding exactly what went wrong. >> wilike a car, it has a fire, you stop and jump out of a car. i feel better with a car with a lithion battery than 40,000 place. you don't want it either place. >> what does he use? >> he uses lithion. >> he says it's a different structure how they set it up. >> they say the 747 had huge growing pains. i wish we could look in the future and look back on this. >> don't forget, jim wi
is that what caused the failures and all of this is what ntsb is looking in. >> stan greenhaus. is there a possibility there's something beyond the electronics? >> absolutely. they have not ruled out anything. you're looking at the worst situation for boeing they don't know exactly what the problem is and as long as they don't know exactly what the problem is, it's hard to forecast a solution, path for getting out of this. that is really the worst possible situation for boeing....
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Jan 30, 2013
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mayor, ntsb chairman debby hirzman on the list but again, like you said whoever they pick, you really hope they get somebody that can sort of carry the torch. >> ray was a republican, offered high-speed rail money like let's start with rick scott of florida, a state that's designed for high-speed rail. created geographically and they turned down the money. so did idiot john kasic in ohio. they raised that money and gave it to other governors who are willing and see, have the vision to see this is the future. it's sad that the people of those states because of their, you know, dirt-brain governors are not going to get that. >> we used to have that clip. i think you asked him a question. he ripped into republicans and said, you know, when i was in the congress we did things differently. >> meredith, this is unfair, i know, but about a minute left to go. we are talking gun violence. we are talking climate control room. nobody is talking right now about the fiscal cliff or the fiscal crisis but welcome to another -- >> a lovely respite. >> it is. but we are going to come back to another f
mayor, ntsb chairman debby hirzman on the list but again, like you said whoever they pick, you really hope they get somebody that can sort of carry the torch. >> ray was a republican, offered high-speed rail money like let's start with rick scott of florida, a state that's designed for high-speed rail. created geographically and they turned down the money. so did idiot john kasic in ohio. they raised that money and gave it to other governors who are willing and see, have the vision to see...
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Jan 30, 2013
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the ntsb made the request after recently learning of incidents that occurred before the battery fire on an al nippon airways jet at boston's logan airport on january 7. >>> and it replaced batteries on 787 jets ten times after they felt it charged improperly or showed other problems and told boeing about the swaps. the airline has replaced batteries on its dreamliners. boeing reports four-kwourth earnings at 7:30 eastern to see. we'll be talking about this. mr. lebow will have the inside track. >> yes, excited for that. >>> a mixed victory for samsung electronics. this after a u.s. federal court rejected apple's bid to raise $1 billion damages paid by samsung in a patent infringement case. u.s. district court judge lucy coe said samsung did violate several of apple's patents in smartphone and tablet products but said it wasn't willful and threw out the request to hike damages on samsung. she also denied samsung's request for a new trial. this just continues to go back and forth between the companies. >> yeah. that's going to run, isn't it? >>> here's a look at the agenda in asia tomo
the ntsb made the request after recently learning of incidents that occurred before the battery fire on an al nippon airways jet at boston's logan airport on january 7. >>> and it replaced batteries on 787 jets ten times after they felt it charged improperly or showed other problems and told boeing about the swaps. the airline has replaced batteries on its dreamliners. boeing reports four-kwourth earnings at 7:30 eastern to see. we'll be talking about this. mr. lebow will have the...
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Jan 29, 2013
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. >> reporter: the ntsb releasing an investigate on the battery investigation saying they have moved on from macroscopic investigation to a microscopic investigation. that includes chemical analysis of the areas that short circuited and checking flight data recorders. bottom line, still don't know a cause behind the incidents involving the two dreamliners. we should also point tomorrow morning on "squawk box" we'll be having the boeing fourth-quarter earnings, the first time we'll hear from the ceo since these incidents. sure to be questioned about what happens with the dreamliner tomorrow morning when boeing reports earnings. guys, back to you. >> thanks so much, phil lebeau. the dow jones industrial average 50 points away from 14,000. that 200 points away frommin a all-time high reached back in 2007. if you think that's made marc faber less bearish, you'd be very wrong. despite, that marc is the man behind the gloom, doom and boom report and joins me now to talk markets. good to see you, marc. thanks for joining us. >> my pleasure. thank you for having me. >> so you say regardless
. >> reporter: the ntsb releasing an investigate on the battery investigation saying they have moved on from macroscopic investigation to a microscopic investigation. that includes chemical analysis of the areas that short circuited and checking flight data recorders. bottom line, still don't know a cause behind the incidents involving the two dreamliners. we should also point tomorrow morning on "squawk box" we'll be having the boeing fourth-quarter earnings, the first time...
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Jan 29, 2013
01/13
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the ntsb is investigating what happened. he says really it was a matter of minutes before that rescue could have turned into a recovery. wolf? >> they are both very, very lucky indeed. mary, thanks for that report. appreciate it very much. they are. >> so lucky. that instructor, what a hero in trying to get out of that plane. >> amazing. >> oh, my god. i have goosebumps thinking about how cold that water is. oh, my goodness. very, very lucky. >>> still ahead, here's a question for you. what do doughnuts and marriage proposals have in common? ponder that one. jeanne moos will have that next. ♪ good morning, turtle. ♪ my friends are all around me ♪ my friends, they do surround me ♪ ♪ i hope this never ends ♪ and we'll be the best of friends ♪ ♪ all set? all set. [ male announcer ] introducing the reimagined 2013 chevrolet traverse, with spacious seating for up to eight. imagine that. >>> fair warning, friends. look away now if you are afraid of heights. that is nick wallenda keeping up his family tradition of d
the ntsb is investigating what happened. he says really it was a matter of minutes before that rescue could have turned into a recovery. wolf? >> they are both very, very lucky indeed. mary, thanks for that report. appreciate it very much. they are. >> so lucky. that instructor, what a hero in trying to get out of that plane. >> amazing. >> oh, my god. i have goosebumps thinking about how cold that water is. oh, my goodness. very, very lucky. >>> still ahead,...
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Jan 29, 2013
01/13
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the ntsb is investigating. >>> thousands of defense department workers are about to be out of a job. the pentagon is laying off 46,000 temporary and contract workers because of budget cuts. the rest of the workforce would face furloughs of one day per week without pay. those furloughs would last the rest of the 2013 fiscal year. it's all in an attempt to manage the $45 billion in automatic budget cuts set to kick in march 1st. >>> emergency relief aid is finally on the way to those affect ld by superstorm sandy. the senate cleared the bill 62-36 late monday evening. the house passed the bill two weeks ago. president obama sent praises to congress for passing the $50 billion emergency relief measure. the measure is aimed primarily at helping residents and businesses as well as state and local governments rebuild. sandy hit the east coast in october and is blamed for more than 130 deaths and billions of dollars in property damage. >>> 5:19 now. al gore is taking on the future. the former vice president has a new book out called the future. six drivers of global change. in it, he focuse
the ntsb is investigating. >>> thousands of defense department workers are about to be out of a job. the pentagon is laying off 46,000 temporary and contract workers because of budget cuts. the rest of the workforce would face furloughs of one day per week without pay. those furloughs would last the rest of the 2013 fiscal year. it's all in an attempt to manage the $45 billion in automatic budget cuts set to kick in march 1st. >>> emergency relief aid is finally on the way to...
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Jan 29, 2013
01/13
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as was the press conference on friday by the ntsb where the chairman of the ntsb, did the herdsman's said, this was a safety flight issue. that is a very tough language and a phrase that is used that means that had the plane been in the air this could have caused some real problems, and the plan will not go back and tell they have cut this off completely. melissa: what about these reports we're hearing now that japan eased safety standards in order -- this seems like you would guess that it was in order to be a manufacturer of this plan or make it easier to get that contract in the country. what you make of that? >> there have been broader questions raised about the whole certification of this aircraft. when this aircraft started to be reviewed by the faa and other organizations, it was in a more cooperative environment. the faa used designated engineers which means those our engineers to actually work for boeing to help certify certain parts of the aircraft. so there is going to be a review of the certification process. if the ntsb determines that there was a broader problem with th
as was the press conference on friday by the ntsb where the chairman of the ntsb, did the herdsman's said, this was a safety flight issue. that is a very tough language and a phrase that is used that means that had the plane been in the air this could have caused some real problems, and the plan will not go back and tell they have cut this off completely. melissa: what about these reports we're hearing now that japan eased safety standards in order -- this seems like you would guess that it was...
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Jan 28, 2013
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three weeks since the ntsb started looking into the liners. all 7873 liners were grounded. they will shift their focus away to the battery maker. none of this is good news for boeing who hopes to get the dreamliner, of course, back up in the air. do not count out boeing. the report came in better than expected. it was largely due to a 10% drop. melissa: the latest news on the battery is just so tough. they have looked at it and said, we do not know what the problem is. that is almost the worst thing that can happen. they say they have not lost orders. it will be interesting to see how long that lasts. the pentagon warns that pay cuts are underway. fox news jennifer griffin is at the pentagon with the details. >> hi, alyssa. defense secretary panetta was we are not planning for sequestration. those deep across-the-board budget cuts appear inevitable. the looming deadline is march 1. ashton carter warned hundreds of thousands of pentagon civilian employees. the employees would lose one day of work per week through september. they are planning to eliminate altogether 46,000 te
three weeks since the ntsb started looking into the liners. all 7873 liners were grounded. they will shift their focus away to the battery maker. none of this is good news for boeing who hopes to get the dreamliner, of course, back up in the air. do not count out boeing. the report came in better than expected. it was largely due to a 10% drop. melissa: the latest news on the battery is just so tough. they have looked at it and said, we do not know what the problem is. that is almost the worst...
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Jan 26, 2013
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. >> reporter: piece by piece inside this ntsb lab in washington, analysts are dissecting the charred battery which caught on fire in a boeing 787 dreamliner earlier this month in boston. >> we know that the lithium ion battery experienced a thermal runaway. we no that there were short circuits, and we know that there was a fire. >> reporter: the faa gave special permission to boeing, allowing the use of these light weight batteries only if safety measures were installed to prevent overheating. >> we do not expect to see fire events on board aircrafts. there are multiple systems to protect against a battery event like this. those systems did not work as intended. we need to understand why. >> reporter: the investigation was launched after two 787s this month experienced issues surrounding the jet's unique use of lithium ion batteries. fais battery behind the wings of a japan airlines 787 exploded and caught fire while on the ground in boston. initial tests rule out excess voltage and overcharging. another battery problem, this one near the cockpit of an all nippon airways dreamliner l
. >> reporter: piece by piece inside this ntsb lab in washington, analysts are dissecting the charred battery which caught on fire in a boeing 787 dreamliner earlier this month in boston. >> we know that the lithium ion battery experienced a thermal runaway. we no that there were short circuits, and we know that there was a fire. >> reporter: the faa gave special permission to boeing, allowing the use of these light weight batteries only if safety measures were installed to...
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Jan 25, 2013
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. >> a big takeaway from in the ntsb's latest update on the 787 investigation is it looks like the planes will not fly anytime soon. they don't know what caused two batteries to overheat, leading to a fire and emergency landing and the grounding of the fleet of 50 dreamliners in service. they're looking at the battery charger and the electrical system, and so far there's been no smoking gun. >> this is not something we're expecting will be solved overnight. there's a lot of technical work and a lot of complex work to understand. >> i also got word from a source inside boeing that the ntsb is looking at another fire in tucson in 2006 that happened on a plane -- it was during a test when the lithium ion battery exploded and burst into play. boeing says the test was done wrong. the worker who set it up says it was correct, and the batteries were dangerous. he was fired and sued and lost his case. now the feds are reexamining the whole incident. meantime, boeing continues to assemble dreamliners in seattle and south carolina. the problem is what to do with the planes when they're finished. th
. >> a big takeaway from in the ntsb's latest update on the 787 investigation is it looks like the planes will not fly anytime soon. they don't know what caused two batteries to overheat, leading to a fire and emergency landing and the grounding of the fleet of 50 dreamliners in service. they're looking at the battery charger and the electrical system, and so far there's been no smoking gun. >> this is not something we're expecting will be solved overnight. there's a lot of...
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Jan 25, 2013
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seriousness of the situation, remembering of course that the faa has grounded the planes, listen to the ntsb's chairman who talks about how serious this incident now is. >> this is an unprecedented event. we are very concerned. as i mentioned in the beginning, we do not expect to see fire events onboard aircraft. this is a very serious air safety concern the faa has taken very serious action. >> reporter: and that, of course, feeds into how detailed and difficult it is going to be to actually put this problem right. they just don't know. >> richard, what are people saying there? do they think the dreamliner will be able to survive? >> reporter: i talked to one senior aviation official, international aviation official here. i asked exactly that question. yes is the short answer because we've seen it with the dc 10 and concord and other cases. what they have to do is find out what's wrong and put it right. the difficulty is the time and the expense in doing it. if it was a mature aircraft, that would be even a greater question. since it's a brand new plane with 800 orders still or 750 still to b
seriousness of the situation, remembering of course that the faa has grounded the planes, listen to the ntsb's chairman who talks about how serious this incident now is. >> this is an unprecedented event. we are very concerned. as i mentioned in the beginning, we do not expect to see fire events onboard aircraft. this is a very serious air safety concern the faa has taken very serious action. >> reporter: and that, of course, feeds into how detailed and difficult it is going to be...
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the head of the ntsb is now speaking out about the batteries and saying the investigation is far from over. dan springer live in seattle with the latest now. this battery, dan, it may have been dangerous even before the plane was certified to fly? >> reporter: yeah, jon. this issue's been out there a long time. now, boeing uses these 60-pound lithium ion batteries because they put a lot more power out than the standard batteries used on planes. but there were serious red flags dating back to 2006. this video has surfaced of a fire at a boeing contractor's lab near tucson, arizona. it was sparked when a lithium ion battery -- the same kind used in the dreamliner -- exploded during the test. a company makes the battery charger for the dreamliner, and we know ntsb investigators were back at this location this week testing the charger. the battery concerns prompted the faa to issue special rules for the installation of the batteries in the 787 of. investigators said yesterday the safety systems put in place by boeing definitely did not work. jon? jon: so the experts are pessimistic about
the head of the ntsb is now speaking out about the batteries and saying the investigation is far from over. dan springer live in seattle with the latest now. this battery, dan, it may have been dangerous even before the plane was certified to fly? >> reporter: yeah, jon. this issue's been out there a long time. now, boeing uses these 60-pound lithium ion batteries because they put a lot more power out than the standard batteries used on planes. but there were serious red flags dating back...
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the chair of the ntsb said investigators have found what she called symptoms in the battery fire of a jet in boston but she adds they have not yet found the cause of the problem. she calls the problems an unprecedented event. its been grounded around the world since last week. >>> a new strain of nora virus is spreading in the united states. the cdc said that the virus strain has caused 140 outbreaks here. the strain has already hit japan and western europe. symptoms include vomiting and diarrhea. >>> huge flames a building fire in mass but it was the freezing conditions that proved more challenging for firefighters. spray from fire hoses formed ice and made for slippery conditions on the ground. ice formed on helmets and jackets while they knocked down the flames. the cause of the fire is still under investigation. >> the senate is set to vote monday on a 50 billion-dollar emergency relief bill to help victims of sandy. lawmakers new york, new jersey and connecticut say it's urgently needed. sandy hit the east coast last october killing 140 people and destroying homes and businesses.
the chair of the ntsb said investigators have found what she called symptoms in the battery fire of a jet in boston but she adds they have not yet found the cause of the problem. she calls the problems an unprecedented event. its been grounded around the world since last week. >>> a new strain of nora virus is spreading in the united states. the cdc said that the virus strain has caused 140 outbreaks here. the strain has already hit japan and western europe. symptoms include vomiting...
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Jan 25, 2013
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what's going on in the ntsb lab, seeing the charred batteries from the 787 dreamliner that was the one that had to be put out in boston. well, now they still say they do not know the exact cause of the batteries catching fire. as for those batteries and one other component, the charger, the charger for the batteries built by a company called secureaplane, a plant out in tucson, arizona. back in 2006, there was a fire involving lithium ion batteries for the 787 at the secureaplane plant. a worker there warned the company about the batteries and the chargers and the possibility of fires. >> these lithium ion batteries, too much heat and they'll explode. it will be a nightmare. >> michael leon was dismissed from the company for repeated problems on the job. secureaplane told me yesterday the battery charger for the dreamliner was successfully tested. there was a fire in the facility in 2006 during one test. however, the current boeing 787 investigation is unrelated to the 2006 fire. take a look at shares of boeing, it is worth noting, we're showing you a chart going back to the 17th. that
what's going on in the ntsb lab, seeing the charred batteries from the 787 dreamliner that was the one that had to be put out in boston. well, now they still say they do not know the exact cause of the batteries catching fire. as for those batteries and one other component, the charger, the charger for the batteries built by a company called secureaplane, a plant out in tucson, arizona. back in 2006, there was a fire involving lithium ion batteries for the 787 at the secureaplane plant. a...
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Jan 25, 2013
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that from the ntsb. airlines around the world grounded the 787s after a pair of battery fires. one forced a flight to make an emergency landing in japan. the other caused a battery fire onboard a dreamliner after it landed in boston. the head of the ntsb said they identified some of the battery problems but still do not know the cause. >> we know the lithium ion battery experienced a thermal runaway. we know that there were short circuits and we know that there was a fire. the work that we continue to do will tell us why these things happened. we have a number of next steps. we are early in our investigation. we have a lot of activities to you know take. we're going to be completing those lab exams that we talked about with that incident battery, and documenting all of those. bill: she also told "the seattle times" she would expect the grounding to last months and not weeks. that's the last thing the company wants to hear. safe flying. a lot on the line. martha? martha: some new reaction to what is called the most far-reaching gun proposals in u.s. history but does it address t
that from the ntsb. airlines around the world grounded the 787s after a pair of battery fires. one forced a flight to make an emergency landing in japan. the other caused a battery fire onboard a dreamliner after it landed in boston. the head of the ntsb said they identified some of the battery problems but still do not know the cause. >> we know the lithium ion battery experienced a thermal runaway. we know that there were short circuits and we know that there was a fire. the work that...
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Jan 25, 2013
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that according to signs from the ntsb. investigators have found clues to what caused battery fires on the 787. but she says she is very concerned they still don't know the under lying cause. it can be fixed. the comments lead some industry experts to say the problem is bigger than previously thought which could lead to financial issues for boeing. boeing part of the dow jones also keeping an eye on starbucks. shares up 2% in premarket trading. overall revenue jumped 11%. >>> and urban wineries are pouring into san francisco. that is according to the san francisco business times. the paper says most people don't realize there are wineries on treasure island as well as in the south of market district. a new one opens this week with another expanding and several others doing a booming business. in addition to making wine, wineries are showcasing themselves as a place to hold nice events. >>> coming up new york city controversial soda ban is facing new opposition. >>> and flying cars. they are not just the vehicles of science
that according to signs from the ntsb. investigators have found clues to what caused battery fires on the 787. but she says she is very concerned they still don't know the under lying cause. it can be fixed. the comments lead some industry experts to say the problem is bigger than previously thought which could lead to financial issues for boeing. boeing part of the dow jones also keeping an eye on starbucks. shares up 2% in premarket trading. overall revenue jumped 11%. >>> and urban...
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Jan 25, 2013
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the ntsb trying to get to the bottom of an engineering mystery. remember, the faa allowed boeing to use lithium ion batteries. the light fuel-efficient plane is supposed to save airlines a ton of money on long-haul flights. no dreamliners in the air right now. boeing says we're working this issue tirelessly in cooperation with customers and the appropriate regulatory and investigative authorities. it is still a mystery. the ntsb laying out this charred battery,ingi reporters what they are digging into. >> richard quest is in davos. beautiful behind you. tell us about the presser? pretty remarkable. battery charred, on the table. >> oh. the pictures are absolutely remarkable of what the battery looked like and not only that but also the damage that took place to the electronics bay at the same time when that fire broke out. but the serious part in all of this is what the ntsb chairman debra herdsman said. she basically made it clear there had been a fire, sign of a thermal runaway this is when the battery starts getting so hot it keeps getting hott
the ntsb trying to get to the bottom of an engineering mystery. remember, the faa allowed boeing to use lithium ion batteries. the light fuel-efficient plane is supposed to save airlines a ton of money on long-haul flights. no dreamliners in the air right now. boeing says we're working this issue tirelessly in cooperation with customers and the appropriate regulatory and investigative authorities. it is still a mystery. the ntsb laying out this charred battery,ingi reporters what they are...
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Jan 25, 2013
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boeing, the ntsb, and the federal aviation administration are working with electrical suppliers to further investigate the issues. president obama is nominating mary jo white as the next leader for the sec. "if confirmed by the senate, i look forward to using all of my energies working with my fellow commissioners and the extremely dedicated and talented men and women on the staff of the sec." white is a former u.s. attorney and defense lawyer for white- collar crimes on wall street. she famously took down mob boss john gotti. "she's a bit of an unknown on wall street. we know she's a tough prosecutor and she's never been in any kind of financial services job. the sec is more than just prosecuting bad people, it's also a regulatory body, about writing regulations, so i think wall street is going to take a wait- and-see attitude." that was james bianco of bianco research. the president also wants richard cordray to continue his role in leading up the consumer financial protection bureau. legislation that would dramatically change america's gun laws is now on the table. lawmakers have unveil
boeing, the ntsb, and the federal aviation administration are working with electrical suppliers to further investigate the issues. president obama is nominating mary jo white as the next leader for the sec. "if confirmed by the senate, i look forward to using all of my energies working with my fellow commissioners and the extremely dedicated and talented men and women on the staff of the sec." white is a former u.s. attorney and defense lawyer for white- collar crimes on wall street....
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Jan 25, 2013
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they are still testing the batteries at the ntsb lab in d.c. the dreamliner is the most technically advanced plane in the world, but they all remain grounded because of incidents that led to several emergency landings. >>> checking today's other top stories, 17-year-old is recovering after he was brutally attacked near the rhode island avenue metro station. he says he was jumped and robbed by seven men. his arm and jaw were broken. police are still searching for the suspects. >>> prince george's county, two teenagers face murder charges in connection with the shooting death of 16-year-old marcus jones. police announced the arrests yesterday. jones was shot and killed sunday morning on webster lane in fort washington. police say the shooting was gang related. >>> don't mess with matt damon. still ahead, we're going to show you the actor hijacked a late night talk show after one joke too many at his expense. >> first, a sweeping change for the nation's schools. we'll tell you about the important announcement that makes sports a civil right for st
they are still testing the batteries at the ntsb lab in d.c. the dreamliner is the most technically advanced plane in the world, but they all remain grounded because of incidents that led to several emergency landings. >>> checking today's other top stories, 17-year-old is recovering after he was brutally attacked near the rhode island avenue metro station. he says he was jumped and robbed by seven men. his arm and jaw were broken. police are still searching for the suspects....
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Jan 25, 2013
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the ntsb says nothing like this is supposed to happen and it could have ended in disaster. all 787 dreamliners ground while investigators look at this problem. it is still a mystery about what's going wrong in the dreamliners. >>> check out this police chase in albuquerque. a man driving a stolen suv, he does a 360 degree. he is crisscrossing medians, going the wrong way. he nearly hit a school bus. also barely avoided some pedestrians. thankfully, no one was hurt. eventually pulled over and gave up. unbelievable. >> that was very smart. got out of the car and got down right away. >> there you go. >> thank you. appreciate that. it is 49 minutes past the hour. we're going to go overseas and take a look at the live pictures from cairo. protesters returned this morning. they are marking that two-year anniversary of their revolution there. the world was watching when thousands took to the square to protest what they called dire living conditions, corruption, and police brutality. it led to the overthrow of mu bar bar hosni mubarak. how much has changed there? we have a reporter
the ntsb says nothing like this is supposed to happen and it could have ended in disaster. all 787 dreamliners ground while investigators look at this problem. it is still a mystery about what's going wrong in the dreamliners. >>> check out this police chase in albuquerque. a man driving a stolen suv, he does a 360 degree. he is crisscrossing medians, going the wrong way. he nearly hit a school bus. also barely avoided some pedestrians. thankfully, no one was hurt. eventually pulled...
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Jan 25, 2013
01/13
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ntsb chairwoman deborah herstman highlighting the gravity of the problem. >> the expectation in aviation is to never experience a fire on board an aircraft. >> reporter: but that is exactly what happened last week when an overheated battery forceed a 787 dreamliner to make an emergency landing in japan. just one week earlier, another fire on a dreamliner in boston. while the ntsb isn't sure yet if it is the cause, they are point tying chemical reaction which overheats the battery. >> there are multiple systems to protect against a battery event like this. those systems did not work as intended. we need to understand why. >> reporter: boeing said it welcomed progress in the investigation and continues to work with investigators both in the u.s. and japan. transportation secretary ray lahood says there is a lot to do before the plane can be returned to service. >> disclose everything that is brought out in the top to bottom review. there will be total transparency. >> the same type of battery used in boeing's dreamliner jet once burned a whole building to the ground. a major fire in 2006 a
ntsb chairwoman deborah herstman highlighting the gravity of the problem. >> the expectation in aviation is to never experience a fire on board an aircraft. >> reporter: but that is exactly what happened last week when an overheated battery forceed a 787 dreamliner to make an emergency landing in japan. just one week earlier, another fire on a dreamliner in boston. while the ntsb isn't sure yet if it is the cause, they are point tying chemical reaction which overheats the battery....
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Jan 25, 2013
01/13
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tonight the ntsb says the back up protection in those battery failed. >> unprecedented event. we are very concerned. as i mention in the beginning, we do not expect to see fire events on board aircraft. >>reporter: she's speaking about 2 incidents that fire aboard sky pan airlines aircraft in boston at logan international airport as well as smoke incident aboard a plane flying over japan. after that the faa grounded all u.s. dream liners and other nations followed suit. >> no one was flying in salt lake city this afternoon. airport was closed for 3 hours because of freezing rain. one plane landing from denver slid on a patch of ice while on the runway. no one was injured. >> 2 united airline planes clipped wings at washington dulles international airport this afternoon. united flight arriving from brussels clipped the wings of united plane parked at near by gate. no one was hurt there either. >>> take a look at this. 19 second viral video grabbing the attention of federal aviation authorities. it show as breath taking stunt by aerobatic pilot coming within just feet of a perso
tonight the ntsb says the back up protection in those battery failed. >> unprecedented event. we are very concerned. as i mention in the beginning, we do not expect to see fire events on board aircraft. >>reporter: she's speaking about 2 incidents that fire aboard sky pan airlines aircraft in boston at logan international airport as well as smoke incident aboard a plane flying over japan. after that the faa grounded all u.s. dream liners and other nations followed suit. >> no...
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Jan 25, 2013
01/13
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the ntsb said the battery had a short circuit and uncontrolled chemical reaction. what they don't know is why. >> what i can tell you is we have all hands on deck. we are working as hard as we can to identify what the failure is and what corrective actions need to be taken. >> the ntsb says it is coordinating its investigation with its japanese counter part. >> develops news, officials just spoke out about a shooting that injured two students. ktvu's jade hernandez is talking to them and will join us with the latest on what may have happened before the shots were fired. >> and a simple solution, the life saving role this market is playing in one bay area neighborhood.
the ntsb said the battery had a short circuit and uncontrolled chemical reaction. what they don't know is why. >> what i can tell you is we have all hands on deck. we are working as hard as we can to identify what the failure is and what corrective actions need to be taken. >> the ntsb says it is coordinating its investigation with its japanese counter part. >> develops news, officials just spoke out about a shooting that injured two students. ktvu's jade hernandez is talking...
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Jan 25, 2013
01/13
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boeing and the ntsb took this battery apart. there's eight cells in each battery. they took every cell apart. they are inspecting every piece of that battery with microscopes. everybody is working hard to try and find out what the problem is. now, it's a big problem. this is a big problem for boeing and it's a big problem for the airlines. >> jonathan, you know, you got, again, this becomes an airplane problem. this is no longer just a public relations problem. besides this battery issue, might have been your notes, you got brake problems and fuel line problems. so this looks like a big mess to me now. you're in the public relations business. what do you think boeing ought to be doing or saying because they are not doing it and saying it. >> well -- >> go ahead, bob. >> go ahead, jonathan. you go ahead. >> again you got it right. it's not a battery problem or a brake problem or that they built these planes partly out of plastic. they have a reputation problem. this plane has been a problem for boeing for a couple of years. when we're told this is part of the growin
boeing and the ntsb took this battery apart. there's eight cells in each battery. they took every cell apart. they are inspecting every piece of that battery with microscopes. everybody is working hard to try and find out what the problem is. now, it's a big problem. this is a big problem for boeing and it's a big problem for the airlines. >> jonathan, you know, you got, again, this becomes an airplane problem. this is no longer just a public relations problem. besides this battery issue,...
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Jan 25, 2013
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the ntsb still can't say for sure why two of the batteries overheated and one caught fire on that plane in boston. but they know boeing's safety system failed. experts say it looks like this investigation will last for a while. >> suddenly 787 will be on the ground for an indefinite period. whether that's two months, four months, six months or more, i have no way of knowing. but it's not going to be back in the air any time soon. >> united airlines is the only u.s. carrier to have any dreamliners. they have six. the ceo says he has confidence the problem will be fixed and customers will come back. shep. >> shepard: dan springer in seattle, chunks of concrete go flying as a sewer explosion tears up a downtown street and it tops our news around the world in 80 seconds. china. security cameras captured the moment the road suddenly burst open in a southern province. one angle appears to show three adults and a child standing a few feet away. officials say nobody was hurt. the blast destroyed some 250 feet of roadway. authorities are investigating the cause. >>> australia. torrential rains t
the ntsb still can't say for sure why two of the batteries overheated and one caught fire on that plane in boston. but they know boeing's safety system failed. experts say it looks like this investigation will last for a while. >> suddenly 787 will be on the ground for an indefinite period. whether that's two months, four months, six months or more, i have no way of knowing. but it's not going to be back in the air any time soon. >> united airlines is the only u.s. carrier to have...
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Jan 24, 2013
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but the ntsb had no timetable as to how long this investigation will take. so, for now, all dreamliners will remain grounded, and that includes any test flights. wolf and kate? >> all right. sandra endo, thank you. i mean, these are huge airplanes. it affects a lot of passengers, as well. >> we'll stay on top of this story. that could be very, very important. >> yeah. >>> up next, jeanne moos has a new way to keep your pets, big pets, warm. and it will have you doing a double take. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in t
but the ntsb had no timetable as to how long this investigation will take. so, for now, all dreamliners will remain grounded, and that includes any test flights. wolf and kate? >> all right. sandra endo, thank you. i mean, these are huge airplanes. it affects a lot of passengers, as well. >> we'll stay on top of this story. that could be very, very important. >> yeah. >>> up next, jeanne moos has a new way to keep your pets, big pets, warm. and it will have you doing...
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Jan 24, 2013
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regarding the ntsb investigation. here's a couple of notes, first of all, they say the battery short circuited and caught on fire but an important point. they are still trying to determine exactly why these batteries caught on fire. the bottom line, this was so serious they had to ground these planes. >> this is an unprecedented event. we are very concerned. as i mentioned in the very beginning, we do not expect to see fire events on board aircrafts. this is a very serious air safety concern the faa has taken. very serious action. >> and regarding those lithium ion batteries, today we spoke with a former worker and whistleblower. this is a supplier to boeing with the 787 dreamliners. they make the charger for the lithium ion batteries. he said he warned his superiors that the batteries were not safe and said the company ignored his warning. just a few minutes ago he described what happened when he saw one of these lithium ion batteries exemployed proceed. >> it wasn't even running and this lithium ion battery just dec
regarding the ntsb investigation. here's a couple of notes, first of all, they say the battery short circuited and caught on fire but an important point. they are still trying to determine exactly why these batteries caught on fire. the bottom line, this was so serious they had to ground these planes. >> this is an unprecedented event. we are very concerned. as i mentioned in the very beginning, we do not expect to see fire events on board aircrafts. this is a very serious air safety...
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Jan 24, 2013
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the ntsb is participating in many of those activities. we are evaluating potential scenarios with the systems, failure modes, we are gathering factual information to support and rebut different scenarios. we are also reviewing manufacturing records for potential issues or trends. and we are gathering information that was collected in recent supplier audits. so there's a tremendous amount of work going on all around the world. we actually have two shifts of employees. both here and in japan who really are working around the clock to try to solve this. we're going to talk a little bit more about the batteries. >> we are getting out of the ntsb pressures. you heard very highly technical about the battery. a thermal runway as the headlines cross we will continue to bring them to you on cnbc. but we also have another big press conference moments away. the president introducing a new head of the sec. let's go now and get a preview of what the president is likely to say with john har way john? >> the president will announce mary jo white as head
the ntsb is participating in many of those activities. we are evaluating potential scenarios with the systems, failure modes, we are gathering factual information to support and rebut different scenarios. we are also reviewing manufacturing records for potential issues or trends. and we are gathering information that was collected in recent supplier audits. so there's a tremendous amount of work going on all around the world. we actually have two shifts of employees. both here and in japan who...
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Jan 24, 2013
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>> ntsb is holding a press conference at 2:30. we will have it during "street signs" and they will talk about the investigation looking into the safety of the lithium ion batteries. it'll be interesting to see if they tell us exactly what they have determined so far. my indication, based on people i have talked with, sue, we are a long ways from them finding a route cause for the problem with the dreamliner and dreamliner batteries. >> phil, thank you so much. >> you bet. >> lockheed martin saying it sees weaker sales in 2013. pentagon's biggest supplier says it assumes congress will avert $500 million in spending cuts known as sequestering. those cuts were scheduled it start kicking in in march, not all at once, however. the stock of lockheed martin down to 3.61 today. rage yum profit down because of lack lust every sales. that will do it to you every time. also expecting lower earnings. rate now, raytheon trading down. general dynamics with a loss forecasting 2013 profits below straight estimates. gen dyn down 73 cents. >>> the
>> ntsb is holding a press conference at 2:30. we will have it during "street signs" and they will talk about the investigation looking into the safety of the lithium ion batteries. it'll be interesting to see if they tell us exactly what they have determined so far. my indication, based on people i have talked with, sue, we are a long ways from them finding a route cause for the problem with the dreamliner and dreamliner batteries. >> phil, thank you so much. >> you...
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Jan 24, 2013
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we're still watching this briefing, trying to figure out if the ntsb can tell us anything more. as it stands now nothing on a timeline when the planes can start flying again or the precise reason why these batteries were catching on fire. back to you. ashley: rich, is there a separate investigation for each incident? we're just hearing about the one involving i guess this is the boston one, is that right? >> right, this is specifically the boston one. they said this particular incident the battery was so destroyed they're having a real tough time figuring out some of the precise tests. they're bringing it in work ing with their partners in japan. it is work taking time. tracy: jop january was getting different results. we still have difficult investigations going on. we're not getting closer. >> exactly. different countries working together. the company trying to coordinate with different countries. remember some of the issues boeing has is with supplier with the parts. not boeing manufacturing the entire plane. it is asassembling a large part of it. tracy: crazy stuff. rich eds
we're still watching this briefing, trying to figure out if the ntsb can tell us anything more. as it stands now nothing on a timeline when the planes can start flying again or the precise reason why these batteries were catching on fire. back to you. ashley: rich, is there a separate investigation for each incident? we're just hearing about the one involving i guess this is the boston one, is that right? >> right, this is specifically the boston one. they said this particular incident...
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Jan 24, 2013
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the ntsb says the fire was caused by a battery that exploded. investigators have been examining the battery parts to see exactly why it exploded. now just last week after a series of problems with those planes, the faa grounding all dreamliner flights and that includes new nonstop service at san jose international airport. >>> education, job creation and budget concern just a few things governor jerry brown is expected to talk about this morning in his state of the state address. "today in the bay's" marla tellez joins us live in our newsroom with a preview. >> good morning. we're just about two hours away until governor brown takes the podium to deliver his third state of the state address. this is the first time he'll do so with california back in the black. this is thanks in part to prop 30 that was his big tax initiative that passed in november. the golden state is now enjoying more than $850 million surplus. it is expected governor brown will taut this success in this morning's state of the state but he'll also look to the future outlining
the ntsb says the fire was caused by a battery that exploded. investigators have been examining the battery parts to see exactly why it exploded. now just last week after a series of problems with those planes, the faa grounding all dreamliner flights and that includes new nonstop service at san jose international airport. >>> education, job creation and budget concern just a few things governor jerry brown is expected to talk about this morning in his state of the state address....
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Jan 24, 2013
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ntsb chairman debra hurstman is scheduled to provide a comprehensive update later on thursday in her first news conference on the dreamliner problems. >>> a government spokesperson says japan will likely revise its target for cutting greenhouse gas emissions. he says the 25% reduction target set by the previous government is excessive and unrealistic. chief cabinet secretary yoshihide su g, a said his liberal democratic party said the target was unachievable. previously the last democratic party government pledged to reduce emissions by a quarter from 1990 levels by the year 2020. >>> japanese researchers have succeeded in using stem cells to reproduce hair follicles. the project involved using induced stem cells or ips cells which have the potential to develop into any tissue or organ. medical applications using hair follicle cells have been limited until now because scientists lacked ways to reproduce them. the researchers at keio university managed to cultivate human cells into fallicular cells by adding certain proteins. they cultivated the cells with skin cells from a newborn mo
ntsb chairman debra hurstman is scheduled to provide a comprehensive update later on thursday in her first news conference on the dreamliner problems. >>> a government spokesperson says japan will likely revise its target for cutting greenhouse gas emissions. he says the 25% reduction target set by the previous government is excessive and unrealistic. chief cabinet secretary yoshihide su g, a said his liberal democratic party said the target was unachievable. previously the last...
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Jan 24, 2013
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ntsb's michael boyd tells us he's never seen an investigation like this. where the faa says a plane is safe and then grounds it. he says the faa has egg all over its face. >>> it's been 538 days since the country lost its top credit rating. what are we doing to get it back? the imf says the economy will grow by 2% this year but, you know what, that's not really very good, and the u.s. needs to work on entitlement reform. >>> our next story "outfront. "women on the front line. a ground-breaking decision from the pentagon. cnn has learned that defense secretary leon panetta will announce a lift on the ban against women serving in combat positions. this is pretty incredible. this move, to give you a sense of the significance, could open up 230,000 frontline jobs to women in the military. "outfront" tonight, rosa brooks, a columnist for foreign policy and has worked in the pentagon under the obama administration and david frum, former speech writer for george w. bush and a contributor for us. rosa, right now, 50% of active duty personnel are women. they're not
ntsb's michael boyd tells us he's never seen an investigation like this. where the faa says a plane is safe and then grounds it. he says the faa has egg all over its face. >>> it's been 538 days since the country lost its top credit rating. what are we doing to get it back? the imf says the economy will grow by 2% this year but, you know what, that's not really very good, and the u.s. needs to work on entitlement reform. >>> our next story "outfront. "women on the...